American Law and Economics Review

1999 - 2006

Edited by Hon. Richard A. Posner

from Oxford University Press
Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
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The Economic Consequences of Accounting Fraud in Product Markets: Theory and a Case from the U.S. Telecommunications Industry (WorldCom) pp. 439-475: Gil Sadka
Profit Neutrality in Licensing: The Boundary Between Antitrust Law and Patent Law pp. 476-522: Stephen M. Maurer and Suzanne Scotchmer
Incomplete Contracts with Asymmetric Information: Exclusive Versus Optional Remedies pp. 523-561: Ronen Avraham and Zhiyong Liu
Uncovering Discrimination: A Comparison of the Methods Used by Scholars and Civil Rights Enforcement Officials pp. 562-614: Stephen Ross and John Yinger
Freakonomics: Scholarship in the Service of Storytelling pp. 615-626: John DiNardo

Prefatory Note pp. 181-182: Cecilia Elena Rouse
School Quality, Neighborhoods, and Housing Prices pp. 183-212: Thomas J. Kane, Stephanie K. Riegg and Douglas O. Staiger
Evaluating the Role of Brown v. Board of Education in School Equalization, Desegregation, and the Income of African Americans pp. 213-248: Orley Ashenfelter, William J. Collins and Albert Yoon
The Black-White Test Score Gap Through Third Grade pp. 249-281: Roland Fryer and Steven D. Levitt
Race, Income, and College in 25 Years: Evaluating Justice O'Connor's Conjecture pp. 282-311: Alan B. Krueger, Jesse Rothstein and Sarah Turner
Capitalizing on Segregation, Pretending Neutrality: College Admissions and the Texas Top 10% Law pp. 312-346: Marta Tienda and Sunny Xinchun Niu
Federal Oversight, Local Control, and the Specter of "Resegregation" in Southern Schools pp. 347-389: Charles T. Clotfelter, Jacob Vigdor and Helen F. Ladd
Social Background and Academic Performance Differentials: White and Minority Students at Selective Colleges pp. 390-409: Douglas S. Massey
Diversity and Discontent: The Relationship Between School Desegregation and Perceptions of Racial Justice pp. 410-436: Richard R. W. Brooks

Corporation and Contract pp. 1-19: Henry Hansmann
Playing It Safe with Low Conditional Fees versus Being Insured by High Contingent Fees pp. 20-32: Winand Emons
Information, Litigation, and Common Law Evolution pp. 33-61: Keith N. Hylton
Statistics of Legal Infrastructures: A Review of the Law and Finance Literature pp. 62-80: Nicholas L. Georgakopoulos
The Duel of Honor: Screening For Unobservable Social Capital pp. 81-115: Douglas W. Allen and Clyde G. Reed
Does the Threat of the Death Penalty Affect Plea Bargaining in Murder Cases? Evidence from New York's 1995 Reinstatement of Capital Punishment pp. 116-142: Ilyana Kuziemko
Pensions, Politics, and Judicial Tenure: An Empirical Study of Federal Judges, 1869--2002 pp. 143-180: Albert Yoon

Economic Conditions, Deterrence and Juvenile Crime: Evidence from Micro Data pp. 319-349: Naci H. Mocan and Daniel I. Rees
Deterrence and Origin of Legal System: Evidence from 1950–1999 pp. 350-378: Michael L. Smith
What Do Prosecutors Maximize? Evidence from the Careers of U.S. Attorneys pp. 379-402: Richard T. Boylan
Optimal Trust Design in Mass Tort Bankruptcy pp. 403-438: Kenneth Ayotte and Yair Listokin
Limited Liability in California 1928–31: It’s the Lawyers pp. 439-483: Mark I. Weinstein
The (Legal) Value of Chance: Distorted Measures of Recovery in Private Law pp. 484-522: Omri Ben-Shahar and Robert A. Mikos
The Hand Rule and United States v. Carroll Towing Co. Reconsidered pp. 523-543: Allan M. Feldman and Jeonghyun Kim

The Value of Judicial Independence: Evidence from Eighteenth Century England pp. 1-27: Daniel M. Klerman
Legal Regime and Contractual Flexibility: A Comparison of Business's Organizational Choices in France and the United States during the Era of Industrialization pp. 28-61: Naomi R. Lamoreaux
American Civil Law Origins: Implications for State Constitutions pp. 62-84: Daniel Berkowitz
Conscription as Regulation pp. 85-111: Casey Mulligan
150 Years of Patent Office Practice pp. 112-143: Josh Lerner
Do Insider Trading Laws Matter? Some Preliminary Comparative Evidence pp. 144-183: Laura Nyantung Beny
Governing Stock Markets in Transition Economies: Lessons from China pp. 184-210: Katharina Pistor
Law and Firms' Access to Finance pp. 211-252: Thorsten Beck and Asli Demirguc-Kunt
Bankruptcy around the World: Explanations of Its Relative Use pp. 253-283: Stijn Claessens and Leora F. Klapper
Laws for Sale: Evidence from Russia pp. 284-318: Irina Slinko, Ekaterina Zhuravskaya and Evgeny Yakovlev

Protection for Whom? Creditor Conflict and Bankruptcy pp. 249-284: Stanley D. Longhofer
Alcohol Prohibition and Cirrhosis pp. 285-318: Angela K. Dills
Toward a Signaling Explanation of the Private Choice of Corporate Law pp. 319-344: Edward M. Iacobucci
Comparative Causation pp. 345-368: Francesco Parisi
Agency Law and Contract Formation pp. 369-409: Eric Rasmusen
Punish Once or Punish Twice: A Theory of the Use of Criminal Sanctions in Addition to Regulatory Penalties pp. 410-433: Nuno Garoupa
Comment on "Aligning the Interests of Lawyers and Clients" pp. 434-439: Abraham L. Wickelgren
Using Stationarity Tests in Antitrust Market Definition pp. 441-464: Mario Forni
Discussion of "Using Stationarity Tests in Antitrust Market Definition" pp. 465-475: Daniel Hosken and Christopher T. Taylor
Comment on Forni's "Using Stationarity Tests in Antitrust Market Definition" pp. 476-478: David Genesove

Publish or Paris? Evidence of How Judges Allocate Their Time pp. 1-27: Ahmed E. Taha
Detecting Manipulation in Futures Markets: The Ferruzzi Soybean Episode pp. 28-71: Craig Pirrong
The Denominator Blindness Effect: Accident Frequencies and the Misjudgment of Recklessness pp. 72-94: W Kip Viscusi and Richard Zeckhauser
Mandatory Arbitration and Civil Litigation: An Empirical Study of Medical Malpractice Litigation in the West pp. 95-134: Albert Yoon
Was the Antitrust Action that Broke Up the Movie Studios Good for the Movies? Evidence from the Stock Market pp. 135-153: Arthur De Vany and Henry McMillan
Delivering Legality on the Internet: Developing Principles for the Private Provision of Commercial Law pp. 154-184: Gillian K. Hadfield
Penalty Enhancement for Hate Crimes: An Economic Analysis pp. 185-207: Dhammika Dharmapala and Nuno Garoupa
Filing a Nuisance Claim to Induce Successive Lawsuits pp. 208-216: Jeong-Yoo Kim
Protecting Homemakers' Marriage-Specific Investments under No-Fault Divorce: A Model for Restructuring Alimony in Civil Law Countries pp. 217-247: Aspasia Tsaoussis